Do voidable years affect the comp pick formula? (Neal)

Uncle_Hank · Mar 28, 2021

Specifically I'm wondering if voidable years bring down the APY of the contract, making it seem like a smaller deal than it is in the comp pick formula? Anyone know?

For example, what level compensation would Keanu Neal qualify for, since he has a voidable year in 2022 cutting his cap hit in half?

FLWarpigrpig · Mar 28, 2021

Comp picks are based off the contract as written.

To make it easy...

Say you sign a 3 yr deal worth 9 mil total with 2 years voidable.
Year 1 is 3 mil salary and 6 mil bonus.

Cap hit is year 1 at 5 mil. Year 2 and 3 are voidable with the remainder of the signing bonus at 2 mil per year for a total of 4 mil (dead cap hit) that hits the first voidable NFL year.

Now for your question. The comp pick is based on the contract that has a free agent being signed for 9 million.

This make more sense with longer duration contracts then I said above, because the Voidable Years are an accounting trick.

Risen Star · Mar 28, 2021

FLWarpigrpig said:
Comp picks are based off the contract as written.

To make it easy...

Say you sign a 3 yr deal worth 9 mil total with 2 years voidable.
Year 1 is 3 mil salary and 6 mil bonus.

Cap hit is year 1 at 5 mil. Year 2 and 3 are voidable with the remainder of the signing bonus at 2 mil per year for a total of 4 mil (dead cap hit).

Now for your question. The comp pick is based on the contract at 9 mil, because the Voidable Years are an accounting trick.

If you don't know just say you don't know.

FLWarpigrpig · Mar 28, 2021

Risen Star said:
If you don't know just say you don't know.

I have to always edit a few times. What I want to say and what I type don't always match.

Redsfan_83 · Mar 28, 2021

FLWarpigrpig said:
I have to always edit a few times. What I want to say and what I type don't always match.

better watch yourself here at times or you will be linched if you aren't 100% on fact..

FLWarpigrpig · Mar 28, 2021

Redsfan_83 said:
better watch yourself here at times or you will be linched if you aren't 100% on fact..

He got me while I was doing edit 1 of 4 or 5.

It's fine I confused myself.

JoeKing · Mar 28, 2021

Uncle_Hank said:
Specifically I'm wondering if voidable years bring down the APY of the contract, making it seem like a smaller deal than it is in the comp pick formula? Anyone know?

For example, what level compensation would Keanu Neal qualify for, since he has a voidable year in 2022 cutting his cap hit in half?

What voidable year? He is expected to sign a one-year prove-it deal, with no voidable year in 2022.

John813 · Mar 29, 2021

No. If Neal were to sign with another team for a huge deal we would be able to get a comp pick.

Void deals are designed to expire similar like a contract ending in a standard deal.

An example would be Tom Brady with the Pats. Signed a contract with void years and it successfully voided and he signed with the Bucs. The Pats got the first compensation pick in the draft.

jterrell · Mar 29, 2021

They do not tell us the exact formula but it is based in large part on actual money paid with AAV as a definite factor.

jaythecowboy · Mar 29, 2021

JoeKing said:
What voidable year? He is expected to sign a one-year prove-it deal, with no voidable year in 2022.

https://overthecap.com/player/keanu-neal/4730/

According to overthecap, it looks like a 2-year deal with an added viodable year.

Edit: Spotrac shows two voidable years.

https://www.spotrac.com/nfl/dallas-cowboys/keanu-neal-18965/

Typhus · Mar 29, 2021

https://overthecap.com/the-basics-and-methodology-of-projecting-the-nfls-compensatory-draft-picks/

Notice the AdamJT13 reference for article cred....

Redsfan_83 · Mar 29, 2021

FLWarpigrpig said:
He got me while I was doing edit 1 of 4 or 5.

It's fine I confused myself.

could have been done a little gentler is all

jazzcat22 · Mar 29, 2021

I doubt we get any comp picks for FA's lost / signed this year. As I think we are about even on players in that area.
However, I have not looked at the contracts to see if how many qualify in they formula or if a player counts toward a pick or not. Like Kearse, I believe he was released, so was not a FA toward a comp pick.

Oz-of-Cowboy-Country · Mar 29, 2021

The/My question is...if we void a guys contract with years left on it, is it the same as us cutting him? Because we don't get comp picks for guys we cut.

So can we void years and still get a comp?

Creeper · Mar 29, 2021

Why are we talking about comp picks? None of the guys we lost or gained are anywhere near the top of their positional rankings or making enough money to warrant significant comp picks. All this focus on comp picks for free agents lost is just another sign of a bad team.

fivetwos · Mar 29, 2021

Creeper said:
Why are we talking about comp picks? None of the guys we lost or gained are anywhere near the top of their positional rankings or making enough money to warrant significant comp picks. All this focus on comp picks for free agents lost is just another sign of a bad team.

Draft talk typically begins early around these parts lol.

MyFairLady · Mar 29, 2021

This is an interesting question. You could sign someone to a 1 year 1 million dollar deal with 5 additional voidable years at 30 million per year. The team that lost the player gets a third round pick an the team that signed the player voids the remaining 5 years after the season ends.

jazzcat22 · Mar 29, 2021

Oz-of-Cowboy-Country said:
The/My question is...if we void a guys contract with years left on it, is it the same as us cutting him? Because we don't get comp picks for guys we cut.

So can we void years and still get a comp?

Yes I believe by voiding years you are releasing the players, so therefore, no comp pick.

JoeKing · Mar 29, 2021

fivetwos said:
Draft talk typically begins early around these parts lol.

And on a different thread section... the Draft Zone.

John813 · Mar 29, 2021

Oz-of-Cowboy-Country said:
The/My question is...if we void a guys contract with years left on it, is it the same as us cutting him? Because we don't get comp picks for guys we cut.

So can we void years and still get a comp?

No not the same. The contract states the term will expire at or before the start of the following season, even though there are 1-2 years technically left on the deal.

No different really than a guy going into his final year of a deal and becoming an UFA after no new deal is reached.

There's a difference between a contract that is severed by the team(cutting/releasing) and a contract that expires when the contract says it will(void years/last year)

And as I posted above, Brady's Patriots deal had void years his final year there. The contract voided and he left. Patriots got a 3rd round compensation pick for him in this draft.

Do voidable years affect the comp pick formula? (Neal)

Uncle_Hank

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FLWarpigrpig

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Risen Star

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FLWarpigrpig

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Redsfan_83

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FLWarpigrpig

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JoeKing

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